Parts Town announced 33% annual growth in 2021, vaulting its annual revenue to $1 billion
ADDISON, Ill., August 16, 2022--(BUSINESS WIRE)--Parts Town, the technology innovator and market-leading distributor of OEM foodservice equipment parts, has been recognized for the 14th consecutive year on the Inc. 5000 Fastest Growing Private Companies in America list.
"We are proud to see Parts Town honored again on the Inc. 5000 List of fastest-growing companies,'' said Steve Snower, CEO of Parts Town. "It is an incredible honor to appear on the list for the 14th time in a row. We owe this success to the hard work and effort of our extraordinary team members. With our team members’ continuous innovations and highly personalized customer service, Parts Town has been able to continue to exceed our customers’ expectations. Our team remains committed to delivering critical parts to customers as quickly as possible and driving innovations that our customers need to keep their businesses thriving."
Parts Town announced 33% annual revenue growth for 2021, driving its annual revenue to $1 billion.
Parts Town has carried significant growth and momentum into 2022 and expects to grow to over $1.8 billion in revenue this year with continuous innovation, new acquisitions and partnerships, new investors, international expansion, and new master distribution programs with industry-leading manufacturers.
Parts Town has also seen continued growth this year through acquisitions, including European foodservice parts distributor REPA Group, strengthening its global parts distribution capabilities, and Encompass Parts, which has expanded its offerings into the residential appliance parts space. Parts Town has also expanded into new product offerings including HVAC, water filtration parts, and janitorial and technician supplies in order to be a more complete "one stop" shop for its customers.
The Inc. 5000 List of fastest-growing companies ranks companies by overall revenue growth over a three-year period. The list is a celebration of innovation and has been home to some of the nation’s most successful companies such as Pandora and 7-Eleven, among others.
To explore the rest of this year’s list, visit https://www.inc.com/inc5000.
About Parts Town
Parts Town is the leading distributor of genuine OEM (original equipment manufacturer) foodservice equipment parts. When there’s a hiccup in any commercial kitchen, Parts Town is ready to jump in and help with the most in-stock parts on the planet, innovative technology, and an unmatched customer experience. Customized solutions benefit food equipment service companies, chain restaurants, institutions and independent restaurants.
Partnering with the top manufacturers of commercial cooking, refrigeration, ice and beverage equipment, and now offering HVAC and residential appliance replacement parts, Parts Town improves the supply chain, increases sales of genuine OEM parts and keeps every customer’s business running like clockwork. For more information, visit https://www.partstown.com/.
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